GIG & Fortum are 50/50 investors in South Clyde project

Macquarie Asset Management’s Green Investment Group (GIG) and Fortum are 50/50 shareholders in the project, and have now made initial funding commitments to deliver the c.45MWe gross South Clyde Energy-From-Waste Plant in Glasgow, Scotland. GIG is a specialist green investor within Macquarie Asset Management (MAM), and a global leader in the development of companies, assets and technologies that aim to accelerate the global transition to net zero.

AFRY will act as an engineering, procurement and construction management consultant (EPCM) to the project, providing services from site supervision throughout the construction and start-up of the project.

The plant is expected to play an important role in helping deliver the Scottish Government’s ban on household waste entering landfill by the end of 2025. The plant is expected to reduce greenhouse gas emissions by 67 kt CO2e per annum, and utilizing the latest technology, it will be heat offtake enabled. The plant also has the potential to be retrofitted with carbon capture and storage (CCS) technology in the future, aligning it with the requirements Scottish Government’s Climate Change Plan.

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